Search found 1571 matches

by TravelforFun
Thu Jan 24, 2019 12:31 am
Forum: Investing - Theory, News & General
Topic: Retirement readiness checklist.
Replies: 32
Views: 2244

Re: Retirement readiness checklist.

2pedals wrote:
Tue Jan 22, 2019 1:56 pm
Get significant other approval
25X spending saved
I'd aim for 33X.

TravelforFun
by TravelforFun
Thu Jan 24, 2019 12:16 am
Forum: Investing - Theory, News & General
Topic: Combination of "Safety First" and "Probability Based" withdrawal strategies
Replies: 26
Views: 1562

Re: Combination of "Safety First" and "Probability Based" withdrawal strategies

I'm not comfortable with a 4% withdrawal which would give you $60K a year from age 70 on. I'm more comfortable with 3% or $45K. Can you live on that plus your $40K SS?

TravelforFun
by TravelforFun
Thu Jan 24, 2019 12:12 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 76
Views: 3538

Re: What lifestyle creep made you happier?

Working part time, hiring helpers to clean house and work on yard, and traveling to nicer places.

TravelforFun
by TravelforFun
Mon Jan 21, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6349

Re: Paying thousands per ticket to attend the NFL Super Bowl?

When they played the Super Bowl in Arlington, TX in 2011, I volunteered and got picked to work the half-time show and I got to be at the stadium for the whole game. That was very cool.

TravelforFun
by TravelforFun
Mon Jan 21, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Think I forgot about insurance!
Replies: 16
Views: 1673

Re: Think I forgot about insurance!

We’ve been making out 401ks, ROTH IRAs, HSAs and funding 529s but I don’t think we have put enough thought into life insurance. Currently my wife and I each make about $110k per year (both 39) and have no debt other than our mortgage which is down to 5.5 yrs remaining ($120k). We also have about $4...
by TravelforFun
Sun Jan 20, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: Ken Moraif must be getting nervous
Replies: 50
Views: 14105

Re: Ken Moraif must be getting nervous

I am wondering if anyone here is following Moraif's advice. It looks like he sold out again December 14th per this on his website: TIME TO SELL? IMPORTANT MARKET ALERT VIDEO FROM KEN MORAIF POSTED ON DECEMBER 14, 2018 On Jan 13th he wrote: Despite the Rally That We Have Seen in the S&P 500 Index ov...
by TravelforFun
Sat Jan 19, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 116
Views: 5868

Re: What is a Boglehead funeral/burial?

I signed on my driver license to donate my entire body and my family knows about it. I hope the state would take care of my remain.

TravelforFun
by TravelforFun
Sat Jan 19, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 122
Views: 12981

Re: How much money did you receive from family? (Gifts/inheritance)

$0 as of time of this post. However, I had a chance to help my father (mid 70's) go over his retirement accounts this past year, upon his request. The large sum of money and accompanied trust surprisingly left my very uneasy. I can't explain it. After 25 years of planning and grinding for a healthy...
by TravelforFun
Sat Jan 19, 2019 12:43 pm
Forum: Personal Consumer Issues
Topic: Bicycling trip along the French Riviera
Replies: 13
Views: 705

Re: Bicycling trip along the French Riviera

Not answering your question bu I've been to the French Riviera a couple of times and the last time I was there, I used Nice as my base and rented a car to drive to various places. One day I drove east to Eze and Monaco, and another day I drove west to Cannes and Saint Tropez. I saw very few bicyclis...
by TravelforFun
Fri Jan 18, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790401

Re: U.S. stocks in free fall

TheTimeLord wrote:
Fri Jan 18, 2019 11:06 am
I say whatever happened it worked out to my advantage, meaning I am in a better position today than I was at the market highs on September 20th.
I got a way to go to get back up to the Sep 2018 level.

TravelforFun
by TravelforFun
Fri Jan 18, 2019 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Where Do HSAs Fit in Asset Location?
Replies: 48
Views: 2797

Re: Where Do HSAs Fit in Asset Location?

100% of my HSA in in stock because I don't plan to touch it for a long time. My bonds are in IRA and taxable account.

TravelforFun
by TravelforFun
Fri Jan 18, 2019 12:38 am
Forum: Investing - Help with Personal Investments
Topic: No 401K match new employer
Replies: 22
Views: 1462

Re: No 401K match new employer

If there's no 401K match, you should skip 401k completely because of its high fees and limited investment options. Assign your extra money in this order: 1) HSA (if eligible). $6,750 for the family, $7,750 if over 55 years of age 2) Roth IRA. $6,000, $7,000 if over 50 3) Pay off debts 4) Taxable acc...
by TravelforFun
Wed Jan 16, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1073

Re: Which Type of Annuities Did You Choose and Why

David Jay wrote:
Wed Jan 16, 2019 10:01 am
TravelforFun wrote:
Wed Jan 16, 2019 12:21 am
I'm meeting with an annuity advisor salesperson tomorrow
Fixed that for you.
Agree.

TravelforFun
by TravelforFun
Wed Jan 16, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1073

Re: Which Type of Annuities Did You Choose and Why

bsteiner wrote:
Wed Jan 16, 2019 8:02 am
Deferring Social Security to 70.
I'm doing this plus getting a deferred annuity which starts at 70. Those two should take care of all my expenses. Rest of my investment can gyrate with the market and will be left to the kids and grandkids.

TravelforFun
by TravelforFun
Wed Jan 16, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1073

Which Type of Annuities Did You Choose and Why

I'm meeting with an annuity advisor tomorrow to discuss getting an annuity. I'm 66, my wife is 62, and I'm thinking about paying an upfront premium of $500,000 in exchange for a flow of monthly payments beginning at my age 70. I've been looking at different annuity options and the options are almost...
by TravelforFun
Wed Jan 09, 2019 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Role of a HECM (Reverse Mortgage) in Retirement?
Replies: 8
Views: 518

Re: Role of a HECM (Reverse Mortgage) in Retirement?

If we had no plan to leave anyone money after we both pass, we would get a reverse mortgage and convert all our assets to SPIAs. These two instruments along with our SS would give us the largest monthly income to spend while we're still alive.

TravelforFun
by TravelforFun
Wed Jan 09, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security
Replies: 10
Views: 983

Re: Applying for Social Security

I applied online and it was a breeze. I described it here.

viewtopic.php?f=2&t=247604&p=4181183#p4181183

TravelforFun
by TravelforFun
Wed Jan 02, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Any reason for optimism?
Replies: 81
Views: 3071

Re: Any reason for optimism?

LOTS of reason for optimism - the US Economy is STRONG, unemployment is low, taxes have been reduced putting more money in everyone's pocket, hundreds of regulations that were strangling business growth have been rolled back. As someone stated in another thread - perhaps you are just watching too m...
by TravelforFun
Wed Jan 02, 2019 1:41 pm
Forum: Investing - Theory, News & General
Topic: Any reason for optimism?
Replies: 81
Views: 3071

Re: Any reason for optimism?

LOTS of reason for optimism - the US Economy is STRONG, unemployment is low, taxes have been reduced putting more money in everyone's pocket, hundreds of regulations that were strangling business growth have been rolled back. As someone stated in another thread - perhaps you are just watching too m...
by TravelforFun
Sun Dec 30, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8925

Re: Opinions sought $3.5 M Net Worth

OP, ignoring your home equity because you have to live somewhere and your hope-to-get inheritance, you have $3 million to work with. You said you need $160K before taxes to live on. Retire now and you would need: $160K x 10 = $1.6 million until you reach age 67 then you would need: ($160K -$34K SS ...
by TravelforFun
Sun Dec 30, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: Pre Cruise Ft Lauderdale Hotel
Replies: 29
Views: 1317

Re: Pre Cruise Ft Lauderdale Hotel

On our first couple of cruises out of Fort Lauderdale, we would arrive a day early but found it too much of a hassle. Load and unload luggage twice, shuttle from airport to hotel, shuttle from hotel to cruise port, taxi to restaurant for dinner, and crowded hotel. So now we just catch an early flig...
by TravelforFun
Sun Dec 30, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 111
Views: 7300

Re: Annuities objectively considered

Several people mentioned the SPIA payout is significantly more than the safe withdrawal rate of 3 to 4%. What would be a typical SPIA payout rate assuming when you (the one who buys the SPIA) die, the payments stop? For a 65 year-old male, the current payout rate is in the range of 6.5% to 7.0%. It...
by TravelforFun
Sun Dec 30, 2018 1:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: My favorite Boglehead posters
Replies: 142
Views: 8108

Re: My favorite Boglehead posters

How come no one has mentioned 'Obliviousinvestor (Mike Piper)'? His advice on social security matters is invaluable. And I do miss sscritic.

TravelforFun
by TravelforFun
Sun Dec 30, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 111
Views: 7300

Re: Annuities objectively considered

Several people mentioned the SPIA payout is significantly more than the safe withdrawal rate of 3 to 4%. What would be a typical SPIA payout rate assuming when you (the one who buys the SPIA) die, the payments stop?

TravelforFun
by TravelforFun
Sun Dec 30, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Father with Dementia Took a Full IRA Distribution
Replies: 56
Views: 5488

Re: Father with Dementia Took a Full IRA Distribution

OP, your father made a brilliant market-timing move. He sold everything in September 2018 and moved it to cash. Perhaps he knew something we didn't.

TravelforFun
by TravelforFun
Sun Dec 30, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8925

Re: Opinions sought $3.5 M Net Worth

OP, ignoring your home equity because you have to live somewhere and your hope-to-get inheritance, you have $3 million to work with. You said you need $160K before taxes to live on. Retire now and you would need: $160K x 10 = $1.6 million until you reach age 67 then you would need: ($160K -$34K SS b...
by TravelforFun
Fri Dec 28, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Pre Cruise Ft Lauderdale Hotel
Replies: 29
Views: 1317

Re: Pre Cruise Ft Lauderdale Hotel

On our first couple of cruises out of Fort Lauderdale, we would arrive a day early but found it too much of a hassle. Load and unload luggage twice, shuttle from airport to hotel, shuttle from hotel to cruise port, taxi to restaurant for dinner, and crowded hotel. So now we just catch an early fligh...
by TravelforFun
Thu Dec 27, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 108
Views: 16177

Re: When to claim Social Security: two reasons not to wait

(Full disclosure: I'm 64 and my wife is 63 this year. We are planning to both wait until 70 to start our benefits. We still have 6-7 years to change our minds. No matter what, we intend to be happy.) Joe: I would take a good look at the numbers if the lower-earning spouse takes SS at FRA (likely 66...
by TravelforFun
Thu Dec 27, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 71
Views: 8449

Re: Side Hustle? Passive Income?

OP, you're 29, have a six-figure salary and no debt, save 50% of your income, and you're looking for side hustles? I'd say, 'Relax and enjoy life and time with your family and friends.' Balance is important.

TravelforFun
by TravelforFun
Thu Dec 27, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Advice - "Diversification/Simplification"
Replies: 6
Views: 458

Re: ROTH Advice - "Diversification/Simplification"

Glad to see you don't have any bonds or money market in your Roth. I make sure my Roth is 100% equities and I let my IRAs and 401k carry my bonds, CDs, and money market.

TravelforFun
by TravelforFun
Wed Dec 26, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Gains harvesting in 0% bracket
Replies: 6
Views: 545

Re: Tax loss harvesting in 0% bracket

Due to a variety of deductions and me staying at home, my husband and I have taxable income of $42K giving us some room to harvest about $60K in capital gains in our taxable account and pay the 0% rate. Great. Here's the question: Twenty years ago I invested $50K in a company that went belly up in ...
by TravelforFun
Tue Dec 25, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 407
Views: 58196

Re: What NON frugal thing did you do today?

Cycle wrote:
Tue Dec 25, 2018 3:09 pm
Brought a new (1st) child home from the hospital yesterday
Congratulations! First child is not 'non-frugal`. The fourth one may be.

TravelforFun
by TravelforFun
Tue Dec 25, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 21052

Re: Whose buying today? where's all the "dry powder" folks at? :)

My dry powder is in the keg for my protection. I keep 10 years worth of annual expenses in bonds, money market, CDs for time like this. No panic whatsoever.

TravelforFun
by TravelforFun
Mon Dec 24, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Time to recovery
Replies: 15
Views: 2001

Re: Time to recovery

If market drops 50%, then for it to recover to where it was before , from what I understand ,it has to gain 100% (that is double of what it lost). For someone who stayed the course patiently during past major market drops like in 2008 , how long did it take for them to get back to where they were b...
by TravelforFun
Mon Dec 24, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2894

Re: Are some insurance polcies philosophically similar to gambling?

Of course some insurance policies are just bets. Two quickly come to mind:

Life insurance: you bet that your life will be short
Annuity: you bet that your life will be long

TravelforFun
by TravelforFun
Mon Dec 24, 2018 7:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 352
Views: 51278

Re: Roll Call for the Retirement Class of 2018!

Good luck to those who hung it up this year. Hope your AA is appropriate to sail the rough seas. Those who retired in 2012 timed it just right.

TravelforFun
by TravelforFun
Sun Dec 23, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7247

Re: What was your best investment in 2018?

Family lending club.

TravelforFun
by TravelforFun
Sun Dec 23, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Kid's First Roth Contribution
Replies: 21
Views: 1638

Re: Kid's First Roth Contribution

Way too much effort involved in DCA $1,500. Put the whole thing in all at once.

TravelforFun
by TravelforFun
Sat Dec 22, 2018 3:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present To You
Replies: 108
Views: 11204

Re: My Christmas Present To You

Mr. Larimore, thank you for your service then and now.

TravelforFun
by TravelforFun
Thu Dec 20, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 21052

Re: Whose buying today? where's all the "dry powder" folks at? :)

Bought yesterday. Large move to Equities based on re-balance but also upped my Equity allocation in my AA another 10% because value. This is panic without fundamentals. U.S. Economy is growing at 3% and we are at full employment. Panic without fundamentals? Record budget deficit, unsettled trade de...
by TravelforFun
Thu Dec 20, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I Continue to Delay SS One More Year
Replies: 29
Views: 3914

Re: Should I Continue to Delay SS One More Year

OP, if you withdraw SS at 70, your and your wife's income would be $3,670 per month or $44 k a year which would be more than what you need to live on, so you only need to worry about your expenses for the next 6 years which is: 6 x ($42,000 - ($1,550 x 12)) = $140,400 You have close to $700k which i...
by TravelforFun
Tue Dec 18, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10077

Re: I feel cheated, saved too much in 401K vs cash.

I'm 66 and am regretting I have put too much in IRA and 401k and not enough in Roth and taxable. My tax rates are higher now than in many of my working years. I wish someone had told me when I was younger that the order of investment is: 401k up to the match , HSA (If eligible), Roth, and taxable. ...
by TravelforFun
Tue Dec 18, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10077

Re: I feel cheated, saved too much in 401K vs cash.

I'm 66 and am regretting I have put too much in IRA and 401k, and not enough in Roth and taxable. My tax rates are higher now than in many of my working years. I wish someone had told me when I was younger that the order of investment is: 401k up to the match, HSA (If eligible), Roth, and taxable. T...
by TravelforFun
Tue Dec 18, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10077

Re: I feel cheated, saved too much in 401K vs cash.

I'm 66 and am regretting I have put too much in IRA and 401k and not enough in Roth and taxable. My tax rates are higher now than in many of my working years. I wish someone had told me when I was younger that the order of investment is: 401k up to the match, HSA (If eligible), Roth, and taxable. Tr...
by TravelforFun
Tue Dec 18, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do once you hit your target number?
Replies: 49
Views: 5438

Re: What did you do once you hit your target number?

Things can change quickly. I'm sure there are people who hit their number in September only to see it drop 10-15% a couple of months later.

TravelforFun
by TravelforFun
Sun Dec 09, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617768

Re: What's Your Credit Card Rewards Strategy?

Currently, for personal reasons, I have little need for air travel, so what are other valuable uses for Amex Membership Rewards points and Citi Thank You Points? I do use my UR points, by transferring to Hyatt. Thanks I closed my Amex card recently and used the 85k points I had accumulated from sig...
by TravelforFun
Sun Dec 09, 2018 1:25 am
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 827

Re: ACA, COBRA, and Medicare

Option 1, Retire in August. Cost for COBRA is $1,800 a month for 18 months. This is for both of us since I have to be on the policy. You should check on that, that does not sound right, I am about 99% sure that you can be on Medicare and your wife can still get COBRA. You may need to do something l...
by TravelforFun
Sun Dec 09, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3181
Views: 617768

Re: What's Your Credit Card Rewards Strategy?

Schwab would give you $2,400 if you add $1 million to your Schwab account. 0.24% for the hassle of opening a new brokerage account and transferring $1,000,000? No hassle. I called Schwab, they told me what to do, I did it online, printed some forms, signed, and send them off and the whole account g...
by TravelforFun
Sat Dec 08, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Best place for children’s money.
Replies: 17
Views: 1323

Re: Best place for children’s money.

I opened an UTMA account for each of my grandkids, seed it with some money, then add to it at birthday and Christmas. The money is invested in 100% stock. I'll show them how to monitor and manage the account when they're old enough.

TravelforFun
by TravelforFun
Sat Dec 08, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 827

ACA, COBRA, and Medicare

I'm 66 and my wife is 62. I transitioned from a full time job to part time a couple of years ago to have more time for myself while staying engaged and maintaining our medical insurance; and it has been working out great. Lately, I've been thinking about retirement. There are some places we like to ...